How can I identify trends and patterns in the data like subscriber data of a telecom company?
I am currently engaged in a particular task that is related to analyzing subscriber data for a particular telecom company. How can I approach identifying trends and patterns in the data for optimization of retention strategies so that I can improve the satisfaction of customers?
In the context of Salesforce, you can use the various tools and techniques for your particular objective of getting the patterns and trends from a data set of a telecom company. Here are the points given:-
Data exploration
You can start by loading the subscriber data into a data analysis tool in the Python programming language such as pandas and NumPy. You can utilize descriptive statistics to understand the variables’ distribution:-
Import pandas as pd
# Load subscriber data
Subscriber_data = pd.read_csv(‘subscriber_data.csv’)
# Explore data
Print(subscriber_data.describe())
Print(subscriber_data.head())
Data visualization
You can perform data visualization like Matplotlib or Seaborn so that you can gain insights quickly:-
Import matplotlib.pyplot as plt
Import seaborn as sns
# Visualize subscriber demographics
Sns.histplot(subscriber_data[‘age’], bins=20, kde=True)
Plt.title(‘Distribution of Subscriber Age’)
Plt.xlabel(‘Age’)
Plt.ylabel(‘Frequency’)
Plt.show()
Churn analysis
You can also calculate the churn rate which refers to the percentage of subscribers who left their services:-
# Calculate churn rate
Churn_rate = (subscriber_data[‘churned’].sum() / len(subscriber_data)) * 100
Print(“Churn Rate:”, churn_rate, “%”)
# Logistic regression example
From sklearn.linear_model import LogisticRegression
From sklearn.model_selection import train_test_split
From sklearn.metrics import accuracy_score
# Prepare data
X = subscriber_data[[‘age’, ‘usage’, ‘location’]]
Y = subscriber_data[‘churned’]
X_train, X_test, y_train, y_test = train_test_split(X, y, test_size=0.2, random_state=42)
# Train model
Model = LogisticRegression()
Model.fit(X_train, y_train)
# Predict and evaluate
Predictions = model.predict(X_test)
Accuracy = accuracy_score(y_test, predictions)
Print(“Accuracy:”, accuracy)
Segmentation analysis
You can perform analysis based on certain segmentation such as heavy users or light users or based on demographics such as groups, location, etc:-
# Segment subscribers based on usage
Subscriber_data[‘usage_segment’] = pd.cut(subscriber_data[‘usage’], bins=[0, 100, 500, float(‘inf’)], labels=[‘Low’, ‘Medium’, ‘High’])
# Segment visualization
Sns.countplot(x=’usage_segment’, hue=’churned’, data=subscriber_data)
Plt.title(‘Churn Rate by Usage Segment’)
Plt.xlabel(‘Usage Segment’)
Plt.ylabel(‘Count’)
Plt.show()
Predicative modeling
You can use the machine learning algorithms for getting the prediction of churn:-
# Random forest example
From sklearn.ensemble import RandomForestClassifier# Train model
Rf_model = RandomForestClassifier(n_estimators=100, random_state=42)
Rf_model.fit(X_train, y_train)
# Predict and evaluate
Rf_predictions = rf_model.predict(X_test)
Rf_accuracy = accuracy_score(y_test, rf_predictions)
Print(“Random Forest Accuracy:”, rf_accuracy)